Wheeler: Verizon Recognizes Title II No Big Bugaboo

Suggests reclassification is workable for Wall Street as well; Verizon clarifies statement
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FCC Chairman Tom Wheeler said Thursday that he agrees with Verizon's CFO Fran Shammo that reclassification of Internet access under Title II would not affect the company's investment in its network.

That came in a press conference after the FCC's December public meeting. In that press conference, Wheeler seemed to suggest that Title II was a workable approach both from an industry and a Wall Street perspective.

Wheeler said he was not surprised by the comment. As evidence he cited the AWS-3 auction, which has already doubled the take of the FCC's next largest spectrum auction, despite the fact in September he signaled to a CTIA convention crowd that he was contemplating extending open Internet rules to wireless broadband and despite the fact that he has been talking about the possibility of Title II "all along" and that the President has weighed in on Title II.

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